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2021
This book aims to provide an overview of the ongoing academic debate about corporate financial distress and how academics, experts and business managers approach it both at the international level and in the Italian context. In particular, five main areas have been investigated.
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This book aims to provide an overview of the ongoing academic debate about corporate financial distress and how academics, experts and business managers approach it both at the international level and in the Italian context. In particular, five main areas have been investigated.
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Financial Distress and Underemployment
The Review of Economic Studies, 1998zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Leveraged Buyouts and Financial Distress
SSRN Electronic Journal, 2019Abstract Do leveraged buyout transactions increase the chance of bankruptcy? While corporate finance theory predicts that such sharp changes in capital structure increase financial distress costs by raising the probability of bankruptcy, previous studies fail to measure the effect.
Brian Ayash, Mahdi Rastad
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Financial Distress and Corporate Performance
The Journal of Finance, 1994AbstractThis study finds that highly leveraged firms lose substantial market share to their more conservatively financed competitors in industry downturns. Specifically, firms in the top leverage decile in industries that experience output contractions see their sales decline by 26 percent more than do firms in the bottom leverage decile.
Opler, Tim C, Titman, Sheridan
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Industrial Sector and Financial Distress
SSRN Electronic Journal, 2006PurposeA number of authors have noted that industrial sector is a significant factor in the design and construction of failure prediction models, suggesting that organisational structures dictate the construction of separate models for different sectors.
Malcolm Smith, Dah‐Kwei Liou
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Financial Institutions in Distress
2023Abstract Political boundaries are often porous to finance, financial intermediation, and financial distress. Yet they are highly impervious to financial regulation. When inhabitants of a country suffering a deficit of purchasing power are able to access funds flowing in from a country with a surfeit of such power, the inhabitants of both
Ronald Davis +7 more
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This chapter explores the global impact of monetary and fiscal policies on the management of Non-Performing Assets (NPAs), emphasizing their role in financial distress and economic instability. It examines the influence of key macroeconomic variables such as Annual GDP growth rate, inflation rate, unemployment rate, Real interest rate, and exchange ...
Faiz ur Rehman +3 more
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Faiz ur Rehman +3 more
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The Resolution of Financial Distress
Review of Financial Studies, 1989Most models of financial structure embody an assumption about financial distress that causes debt to be costly to the issuing firm. This approach has been criticized on the grounds that the assumed costs could be avoided by a costless financial reorganization.
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Economic Distress, Financial Distress, and Dynamic Liquidation
The Journal of Finance, 2002ABSTRACTMany firms emerging from a debt restructuring remain highly leveraged, continue to invest little, perform poorly, and often reenter financial distress. The existing literature interprets these findings as inefficiencies arising from coordination problems among many creditors or an inefficient design of bankruptcy law.
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Shadow Banking and Financial Distress
2013Despite the panic in the money market in 2008 that required a $3 trillion Treasury guarantee to stave off a full-fledged run on money market funds, Dodd-Frank did not shut down shadow banking, nor did it make shadow banking safe. After Dodd-Frank, distressed financial institutions are subject to a number of conflicting legal regimes, one of which ...
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